Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
LONDON Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply. The result of Greece’s referendum put in doubt its membership in the euro, pulling down the single…
TOKYO The Bank of Japan on Monday maintained its upbeat assessment on regional sectors of the economy, saying they are recovering thanks to a pick-up in output and tightening job markets.In a quarterly review of regional economies, the BOJ raised its assessment for the Hokkaido northernmost region and left intact the views for the remaining…
(Recasts with new quotes, background) * German government says up to Greece to act to stay in euro * Says conditions for talks on new bailout plan not yet met * Finance ministry says Greek debt cut not on the agenda By Paul Carrel BERLIN, July 6 (Reuters) – The German government signalled a tough…
Since China’s stock markets slid by about 30% from their peak in mid-June, the government and financial firms have rushed to come up with measures to turn things around. Their efforts appeared to work today (July 6), with the key Shanghai Composite Index closing up 2.4%. Here’s a complete list of the stimulus attempts that…
German Chancellor Angela Merkel will travel to Paris on Monday for talks with French President Francois Hollande to map out the way forward for Greece after voters upended more than five years of crisis-fighting by rejecting creditors’ terms for rescue aid. The trip, announced Sunday shortly after polls closed in Greece, is “to jointly assess…
French economist Thomas Piketty found unexpected fame with his book on wealth inequality, Capital in the 21st Century, and has now turned his attentions to the situation in Greece. The country is struggling under a mountain of debt and is resisting German-led demands for more austerity in exchange for aid, culminating in a landmark referendum…
Yanis Varoufakis abruptly quit his role as Greek finance minister this morning. The announcement came within hours of a referendum in which Greeks roundly backed the position of his Syriza party. Just over 61% of voters rejected a bailout proposal from Greece’s creditors, which the outspoken Varoufakis said amounted to “terrorism” on the eve of…
Greece voted overwhelmingly against enduring more austerity in exchange for a new round of bailout funding from its creditors. With roughly 91% of the vote in more than 61% of voter cast their ballot against the deal, in a victory for Greece’s left-leaning government and a rebuke to the troubled country’s euro zone creditors. It’s…
On Sunday, Greek citizens took to the polls in a controversial referendum asking them whether they support a plan calling for continued economic austerity in exchange for debt relief. Their answer—with more than 70 percent of the votes counted—was a resounding “no.” The outcome means that next steps for the nation, which has fallen into…
Jim Webb is now the fifth Democrat to pursue the 2016 presidential nomination. He made the announcement Thursday on his website, acknowledging that other candidates in the race are likely to have more money and bigger campaign machines than he does. “I understand the odds, particularly in today’s political climate where fair debate is so…